Best Fields of Law to Practice

(Study Tips, Dealing With Stress, Maintaining a Social Life, Financial Aid, Internships, Bar Exam, Careers in Law . . . )
User avatar
A'nold
Posts: 3622
Joined: Sat Oct 04, 2008 9:07 pm

Re: Best Fields of Law to Practice

Postby A'nold » Wed Mar 24, 2010 4:41 pm

.
Last edited by A'nold on Wed Mar 24, 2010 4:56 pm, edited 2 times in total.

User avatar
A'nold
Posts: 3622
Joined: Sat Oct 04, 2008 9:07 pm

Re: Best Fields of Law to Practice

Postby A'nold » Wed Mar 24, 2010 4:55 pm

.

dontknowwhereimgoin
Posts: 36
Joined: Sun Dec 06, 2009 1:03 pm

Re: Best Fields of Law to Practice

Postby dontknowwhereimgoin » Wed Mar 24, 2010 5:07 pm

OP: What do u mean you don't meet the requirements for patent law?

jdland2010
Posts: 43
Joined: Thu Mar 18, 2010 2:57 pm

Re: Best Fields of Law to Practice

Postby jdland2010 » Wed Mar 24, 2010 5:56 pm

Thanks for calling me a troll--by the way: I am not one.

You sound like a wonderful person too--you jerk.

A'nold wrote:
jdland2010 wrote:I understand this and think that the solo practioner was completely right (people do need those things, regardless of the economic outlook). But, I am not interested in going that solo route...it's way to difficult and not a lot of solo people make a decent living.

On the otherhand, I personally know some that do (solo) and they are strictly personal injury (aka ambulance chasers). They do extremely well. Personal injury doesn't excite me in the least bit--even with the money. Criminal defense and all the rest of the stuff is not that exciting to me either--I have seen the majority of the clients that they see: most of them are scum bags and low-lives. Most are lower-class people.

I know that some my find these comments to be mean, but I am calling it like I see it. I will not apologize either.

Garinold wrote:Recently a solo practitioner was a guest lecturer at my school, and after the lecture I asked him a similar question (the context of course was for solo practice or work in a small/boutique firm). He answered stating that general litigation areas are the most reliable. Personal injury, workers compensation, breach of contract, divorces, and criminal defense are always reliable areas that get money in the door regardless of how the economy is. He said that no matter how bad things get people are always suing each other and committing crime.


I know you are a troll, but that whole writing over the top of the quoted posts thing is freaking annoying. Btw- lol at you finding tax law exciting but not personal injury. You must be a gem of a person to be around.

jdland2010
Posts: 43
Joined: Thu Mar 18, 2010 2:57 pm

Re: Best Fields of Law to Practice

Postby jdland2010 » Wed Mar 24, 2010 5:57 pm

Thanks jerk. You must have loads of free time on your hands btw.

betasteve wrote:
jdland2010 wrote:Maybe you shouldn't post anything, because you have an attitude. Your part of the problem and the reason why people don't respect lawyers and law students--people like you are always quick with your tongue and looking to cut someone else down.

It's "you're" not "your" in your sentence. Also, try an em dash—they work wonders. You're welcome.

erniesto
Posts: 298
Joined: Thu Oct 15, 2009 10:56 pm

Re: Best Fields of Law to Practice

Postby erniesto » Wed Mar 24, 2010 6:01 pm

macattaq wrote:
jdland2010 wrote:I'm taking about being both lucrative and secure.


If this is your criteria, my guess is tax and bankruptcy. Otherwise, the rest are generally going to be subject to the whims of the economy.


Bankruptcy/foreclosure could just be another short term bubble. I think with the current administrative changes and Obama's unpredictability its hard to predict what the next big venture will be. IP should always be decent.

jdland2010
Posts: 43
Joined: Thu Mar 18, 2010 2:57 pm

Re: Best Fields of Law to Practice

Postby jdland2010 » Wed Mar 24, 2010 6:06 pm

I would love to know what this said originally

A'nold wrote:.

jdland2010
Posts: 43
Joined: Thu Mar 18, 2010 2:57 pm

Re: Best Fields of Law to Practice

Postby jdland2010 » Wed Mar 24, 2010 6:06 pm

I would love to know what this said originally

A'nold wrote:.

jdland2010
Posts: 43
Joined: Thu Mar 18, 2010 2:57 pm

Re: Best Fields of Law to Practice

Postby jdland2010 » Wed Mar 24, 2010 6:09 pm

Things have been very unpredictable lately for sure...maybe things will get back to normal when they vote out everyone who voted for his last bill :)

erniesto wrote:
macattaq wrote:
jdland2010 wrote:I'm taking about being both lucrative and secure.


If this is your criteria, my guess is tax and bankruptcy. Otherwise, the rest are generally going to be subject to the whims of the economy.


Bankruptcy/foreclosure could just be another short term bubble. I think with the current administrative changes and Obama's unpredictability its hard to predict what the next big venture will be. IP should always be decent.

jdland2010
Posts: 43
Joined: Thu Mar 18, 2010 2:57 pm

Re: Best Fields of Law to Practice

Postby jdland2010 » Wed Mar 24, 2010 6:09 pm

Read through this...It will take me too long to explain on here...
http://www.uspto.gov/web/offices/dcom/olia/oed/grb.pdf

dontknowwhereimgoin wrote:OP: What do u mean you don't meet the requirements for patent law?

motiontodismiss
Posts: 870
Joined: Wed Mar 24, 2010 8:36 pm

Re: Best Fields of Law to Practice

Postby motiontodismiss » Fri Mar 26, 2010 9:16 am

erniesto wrote:
macattaq wrote:
jdland2010 wrote:I'm taking about being both lucrative and secure.


If this is your criteria, my guess is tax and bankruptcy. Otherwise, the rest are generally going to be subject to the whims of the economy.


Bankruptcy/foreclosure could just be another short term bubble. I think with the current administrative changes and Obama's unpredictability its hard to predict what the next big venture will be. IP should always be decent.


Isn't bankruptcy always countercyclical? Companies and people tend to declare bankruptcy when the economy goes into the toilet.

I would think the best way to achieve job security AND high pay is to diversify. 1 cyclical practice, 1 countercyclical, and 1 noncyclical.

User avatar
truthypants
Posts: 108
Joined: Wed Jul 08, 2009 1:50 am

Re: Best Fields of Law to Practice

Postby truthypants » Fri Mar 26, 2010 9:27 am

jdland2010 wrote:I understand this and think that the solo practioner was completely right (people do need those things, regardless of the economic outlook). But, I am not interested in going that solo route...it's way to difficult and not a lot of solo people make a decent living.

On the otherhand, I personally know some that do (solo) and they are strictly personal injury (aka ambulance chasers). They do extremely well. Personal injury doesn't excite me in the least bit--even with the money. Criminal defense and all the rest of the stuff is not that exciting to me either--I have seen the majority of the clients that they see: most of them are scum bags and low-lives. Most are lower-class people.

I know that some my find these comments to be mean, but I am calling it like I see it. I will not apologize either.

Garinold wrote:Recently a solo practitioner was a guest lecturer at my school, and after the lecture I asked him a similar question (the context of course was for solo practice or work in a small/boutique firm). He answered stating that general litigation areas are the most reliable. Personal injury, workers compensation, breach of contract, divorces, and criminal defense are always reliable areas that get money in the door regardless of how the economy is. He said that no matter how bad things get people are always suing each other and committing crime.


I think the proper term of art for these areas is "shitlaw".

User avatar
patrickd139
Posts: 2883
Joined: Wed Jan 14, 2009 8:53 pm

Re: Best Fields of Law to Practice

Postby patrickd139 » Fri Mar 26, 2010 10:31 am

motiontodismiss wrote:Isn't bankruptcy always countercyclical? Companies and people tend to declare bankruptcy when the economy goes into the toilet.

I would think the best way to achieve job security AND high pay is to diversify. 1 cyclical practice, 1 countercyclical, and 1 noncyclical.


While I agree with the second part of your post (for the most part; it's hard to diversify a practice in, say, a large firm, which is where the highest concentration of salaries the OP is looking for resides), bankruptcy is not always counter-cyclical. Especially with recent "everyone can take out 10s of thousands in credit card debt" trends, there are always going to be people who need to declare bankruptcy, and there are always creditors trying to collect.

Besides, the life-cycle of many bankruptcies (especially the complex ones) can tide lawyers over during the extremely good economic times when fewer people are filing.

motiontodismiss
Posts: 870
Joined: Wed Mar 24, 2010 8:36 pm

Re: Best Fields of Law to Practice

Postby motiontodismiss » Fri Mar 26, 2010 11:33 am

patrickd139 wrote:Besides, the life-cycle of many bankruptcies (especially the complex ones) can tide lawyers over during the extremely good economic times when fewer people are filing.


I forgot that part. The UAL bankruptcy lasted 4 years. And there is no shortage of incompetent CEOs that will run their companies into the ground.

270910
Posts: 2437
Joined: Thu May 21, 2009 9:51 pm

Re: Best Fields of Law to Practice

Postby 270910 » Fri Mar 26, 2010 11:38 am

motiontodismiss wrote:Isn't bankruptcy always countercyclical? Companies and people tend to declare bankruptcy when the economy goes into the toilet.

I would think the best way to achieve job security AND high pay is to diversify. 1 cyclical practice, 1 countercyclical, and 1 noncyclical.


Fairly naive. First, 'bankruptcy is counter-cyclical' is a cliche that has proven to be far from perfectly and uniformly true in recent times. Second, you can't really neatly classify every legal specialty as cyclical, countercyclical, or noncyclical - largely because they're all just 'more or less cyclical'. Finally, your average attorney capable of making the big bucks and being affected by corporations financial outlook is going to be highly specialized and working with a single practice area, you don't really have the ability to 'diversify' nor would doing so somehow get you more pay given the salaried nature of big firm lawyers.

LegalGENius
Posts: 62
Joined: Wed Mar 24, 2010 2:55 pm

Re: Best Fields of Law to Practice

Postby LegalGENius » Fri Mar 26, 2010 11:42 am

soullesswonder wrote:Health Law, anyone? It's not always well represented at BigLaw firms, but it's associated with a huge (and growing) swath of the economy, facing more government involvement, and looking at an increasingly geriatric population. I'd say it's fairly recession proof, as well.


I have asked many practicing attorneys about this, and I have been told to stay far away. I guess, at present, they were trying to say the healthcare industry is going through some SERIOUS changes and it would be best to let the dust settle (however long that may take.)

User avatar
merichard87
Posts: 751
Joined: Thu Feb 18, 2010 2:31 pm

Re: Best Fields of Law to Practice

Postby merichard87 » Fri Mar 26, 2010 11:50 am

jdland2010 wrote:I understand this and think that the solo practioner was completely right (people do need those things, regardless of the economic outlook). But, I am not interested in going that solo route...it's way to difficult and not a lot of solo people make a decent living.

On the otherhand, I personally know some that do (solo) and they are strictly personal injury (aka ambulance chasers). They do extremely well. Personal injury doesn't excite me in the least bit--even with the money. Criminal defense and all the rest of the stuff is not that exciting to me either--I have seen the majority of the clients that they see: most of them are scum bags and low-lives. Most are lower-class people.

I know that some my find these comments to be mean, but I am calling it like I see it. I will not apologize either.

Garinold wrote:Recently a solo practitioner was a guest lecturer at my school, and after the lecture I asked him a similar question (the context of course was for solo practice or work in a small/boutique firm). He answered stating that general litigation areas are the most reliable. Personal injury, workers compensation, breach of contract, divorces, and criminal defense are always reliable areas that get money in the door regardless of how the economy is. He said that no matter how bad things get people are always suing each other and committing crime.


Last time I checked all money was green. Lower-class person handing it to you or not.

motiontodismiss
Posts: 870
Joined: Wed Mar 24, 2010 8:36 pm

Re: Best Fields of Law to Practice

Postby motiontodismiss » Fri Mar 26, 2010 12:39 pm

merichard87 wrote:
Last time I checked all money was green. Lower-class person handing it to you or not.


Lower class people have fewer assets to attach if they don't pay their legal bills.

too old for this sh*
Posts: 124
Joined: Mon Feb 08, 2010 9:48 pm

Re: Best Fields of Law to Practice

Postby too old for this sh* » Fri Mar 26, 2010 12:48 pm

motiontodismiss wrote:
merichard87 wrote:
Last time I checked all money was green. Lower-class person handing it to you or not.


Lower class people have fewer assets to attach if they don't pay their legal bills.


Many of those I know practicing in the realm of defense require all fees to be paid prior to trial...and we won't touch a writ case without substantial payment at the time of engagement.

rando
Posts: 908
Joined: Tue Mar 09, 2010 1:57 pm

Re: Best Fields of Law to Practice

Postby rando » Fri Mar 26, 2010 1:07 pm

motiontodismiss wrote:
merichard87 wrote:
Last time I checked all money was green. Lower-class person handing it to you or not.


Lower class people have fewer assets to attach if they don't pay their legal bills.


Defense lawyers etc. who don't get payed by the "lower class" do not (generally) attach assets. It is a cost of doing business that is factored into their work.




Return to “Forum for Law School Students”

Who is online

Users browsing this forum: No registered users and 4 guests